Boy, you've hit the nail on the head! These companies ARE paying back what they owe. Thousands are still working. The regulations are keeping them on track until they get out of the mess THEY created through greed and mismanagement. Thankfully, (especially for those still working), the companies were GIVEN A CHANCE, and a short leash, so they wouldn't screw up again. We desperately need to maintain our manufacturing base. Considering the situation two years ago, how can you see this as anything but win-win?

[QUOTE=chachacha;290502]just want to say that i take absolutely no personal offense at any remarks of those who do not agree with me...but i stand by my opinion of obama...i have lived in socialist countries and see us heading in that direction at breakneck speed, and also at break the bank speed.

Chachacha,

Excellent post!

I have some dear friends (a married couple) who grew up in China and immigrated to the USA while in graduate school. Having experienced life in a communist China and now after having lived in the US for almost 25 years they don't take their freedom for granted.

They know more about American history than most natural born Americans and they believe the Obama administration and the progressive democrats are extremely dangerous to the stability of our country.

How ANYONE can defend Obama is beyond me and the other 57% of Americans who feel he is unqualified to lead our country.

Annabelle

Jebartle,

Surely you can't expect anyone (of any political party) to take your posts such as the one above seriously?

Perhaps an objective critique of your own opinions would help.....you think?

Annabelle

I think this is a case of the pot calling the kettle black. Talk about name calling

They're blinded by
 

their bias against anything Obama does. Of course, they don't admit that the whole mess was created by the prior administration because that would require an objective, unemotional thought process of which they are incapable.

Me thinks Obama and his supporters will continue to whine and blame Bush until NO ONE (including themselves) believes that ridiculous argument.

Regardless of who thinks whom is responsible for this "mess" ...... the fact is we have a President who has done nothing to get us out of it.

Annabelle

ceejay, I have wondered, also, about what happened to Donna 2. I miss her.

Chachacha: No, I mean the government IS divesting itself of the ownership position it has in Citibank and General Motors. This is in ADDITION to the companies paying back loans.

I own some stock in Citibank and a few months ago the government announced that it was preparing to sell it's shares. The United States government currently (well, as of July) owns 27% of Citibank as partial collateral for the bailout funds. The discussion has been over what the schedule is going to be for the government to sell it's shares and what effect that will have on other shareholders (like myself) in the form of price fluctuations. So far, even though Citibank is down from a recent high around $5/share, the government still stands to make a profit on the shares.

GM started filing paperwork in August to pave the way for an IPO (Initial Public Offering). This is to get GM back to being traded on the stock exchange and it's been the administrations stated intention to sell it's shares in GM just like it's doing with Citibank. The government currently owns 61% of General Motors. It appears highly unlikely that the government could make a profit on THOSE shares as an IPO *could* raise $20B but the reports I'm reading say that GM would have to raise $70B in order have 'paid back' the bailout money with equity.

jbartle maybe the following will help you understand
 

what the image of the eagle is about.....instead of your restating for convenience allegation:

Freedom
# When the fighting colonists heard the bald eagles' cries over their heads, they said, "They are shrieking for freedom." Thus, the bald eagle became a symbol of American freedom, the very basis on which the founding fathers built the United States.

National Symbol
# The bald eagle was chosen as the symbol of the United States of America on June 20, 1782, by the Second Continental Congress because of its strength and majesty, as well as the belief that bald eagles only lived in North America, now known to be true.

Like too many others you prefer to attack the messenger than participate in a discussion. Yes DISCUSSION which includes minority (not race) opinions, opposing opinions, disagreement, conflict, challenges.....you know all the things Obama supporters detest and combat.

We are all entitled and need not the agreement of anyone to stand and be counted. We the people are for the most part not lemmings!

btk

Believe the spin if you like, but President Bush had a Democrat controlled legislature that pushed and passed laws and he had to negotiate with them to get any small part of what he wanted. He tried to reign in Barney Frank and Chris Dodd on the banking crisis and was rebuked, and now subsequently blamed by these very same hypocritical charlatans. Too many Republican's did vote with the Dems though.

Clinton, on the other hand, had the much ballyhooed balanced budget as he had to deal with a Republican controlled legislative who was able to temper his Liberal agenda, and of course, the liberal media attributes that stability in the economy to him and not to the Republican legislature.